The Year of The Daily Pay Benefit

When employees are worried about money, their companies suffer. Daily pay may be the solution to relieving this financial stress.

Financial stress in the workplace is palpable and it’s a killer for companies.

Consider these facts:

  • Financial stress is the #1 reason why employees quit (Source)

  • It costs a company an average of $4,000 each time an employee quits (Source)

  • More than half (53 percent) of employees report that they are stressed dealing with their financial situation (Source)

  • Even if they stay, they waste three hours a week or more on personal finance issues, which costs a company $2,800/year (Source)

Financial stress is wreaking havoc on employee’s lives, which in turn affects their health, their productivity at work, and their work attendance.

What’s causing all this financial stress?

According to a 2017 survey by employment website CareerBuilder, roughly 78 percent of Americans are living paycheck to paycheck to make ends meet. And nearly 50 percent have a problem taking care of a $400 emergency without borrowing money from someone, taking a costly payday loan, or incurring overdraft or late payment charges.

Since a company’s biggest investment is its workforce, if workers are under stress, the business is under stress. Employees experiencing financial stress are at risk for increased absenteeism and healthcare costs, along with significantly reduced job performance.

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Idris Elba in Talks to Star in 'Mouse Guard'

Idris Elba is in final negotiations to star in Mouse Guard, Fox’s adaptation of the Boom! Studios comic to be directed by Wes Ball, the filmmaker behind the Maze Runner movies.

Andy Serkis and Thomas Brodie-Sangster are already on the roll call for the project, which is described as a sort of Game of Thrones with mice and which will be shot using motion capture and have WETA providing visual effects.

Based on the comics and graphic novel by David Petersen, Mouse Guard is a set in a medieval world and tells of an order of mice who are the sworn protectors of their realm. Enemies range from predators such as foxes and eagles to other rodents. The series from Archaia/Boom! is a two-time Eisner Award winner.

Elba will play Celanawe, an Obi-Wan Kenobi-like figure who was once a legendary champion and now thought long gone.

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Learning Math, Science Inside a Shopping Mall

Students in Tompkins County are learning math and science inside a shopping mall thanks to a new academy. It's called UCode, and it opened at the beginning of the year inside the shops at Ithaca Mall.

UCode uses a simplified version of the coding system Python, and allows students to develop skills like computational thinking and engineering. There are step-by-step lessons, including hands-on experience.

“You see kids who are measuring, thinking, and analyzing their actions. They are really just using their brains, kind of like engineers,” said Academic Director Janet Carmosky.

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How Disney’s onscreen LGBTQ representation could improve with an overlooked Fox asset

Goldie Vance is a mixed-race teenage detective unafraid of breaking a few rules when pursuing leads on a case. She also happens to be queer.

This may not be the kind of protagonist who immediately comes to mind when people talk about comic book movies, but an adaptation of “Goldie Vance,” an all-ages comics series created by Hope Larson and Brittney Williams, was among the projects in Fox’s pipeline when it was announced that Walt Disney Co. would be taking over 20th Century Fox.

Though it’s still in development — with Rashida Jones as the directorand Kerry Washington as one of the producers — the “Goldie Vance” adaptation is a particularly notable one to watch following the Disney-Fox merger. Numerous diversity studies point out year after year that women, people of color and members of the LGBTQ community remain underrepresented in Hollywood movies and TV. Indeed, GLAAD’s 2018 Studio Responsibility Index found that LGBTQ representation in Hollywood films reached a six-year low in 2017, and Walt Disney Studios had the weakest history of representation out of all the studios tracked for the report.

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DailyPay Taps Fiserv To Provide On-Demand Access To Pay

To help provide employees with improved financial well-being, DailyPay tapped into Fiserv’s Digital Disbursements offering to allow workers access to their earned, but unpaid, wages. The solution sends these funds quickly and securely through multiple methods instantly, the same day or the next day, according to a case study from Fiserv.

“We live in a world where instant is an expectation,” DailyPay CEO Jason Lee said in the study. “The evolution of the on-demand economy has created a new generation in the workforce who expects to be paid immediately for services rendered. Employees want the financial security of knowing their hard-earned money can be used in case of an emergency or to pay their bills.”

Employees can access the offering through their existing HR platforms and/or via the app from DailyPay. Users tend to make requests when they need money instantly to pay rent before the next payday or when an unexpected expense arises. As a result, Fiserv noted, “the ability to provide employees immediate payments into their account is critical for DailyPay’s business model.”

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